It was probably only a matter of time until big job cuts were made in the Houston-area workforce. Anadarko Petroleum Corp. is shedding 17 percent of its workforce, due to the ongoing woes in the energy industry. At the beginning of the month, 1,000 workers were told by the company that they no longer had employment. As of Dec. 31, the company employed 5,800 workers, which was off slightly from its headcount at the same time in 2014. Then, the company had 6,100 on the payroll. According to the energy industry, the cuts will span the entire company but no specifics have been revealed. On a conference call reported on last month, the company acknowledged that it was drained of several billion dollars last year. While many feared that those losses would lead to the shedding of jobs, that only became a reality a few days ago. Since then, according to the Journal, Anadarko slashed its dividend by 81 percent and is in the process of three asset sales, which are wo...
- The Woodlands-based Anadarko Petroleum Company laid off 1,000 workers in early March.
- As of Dec. 31, the company employed 5,800 workers, which was off slightly from their headcount at the same time in 2014.
- The company is also shedding assets in hopes of bolstering its 2016 financials.
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